1. Opening Hook
Who said PSU banks can’t flex? Bank of Maharashtra just dropped numbers that could make even private peers sweat. NPAs? Almost extinct. ROA? Private-bank level. CASA? Still a religion here. The CEO’s voice carried more swagger than some fintech founders, and for good reason — 23% profit growth and an 18% capital cushion while expanding like a startup on a caffeine rush. But wait till you hear about Project 321 — their plan to open 321 new branches in 18 months. Because why automate when you can colonize. Read on — this one’s a masterclass in “Sarkari speed meets startup spin.” 🚀
2. At a Glance
- Total Business up 14%: Bank behaving like it found Red Bull in its vaults.
- Advances up 17%: Growth faster than your FD renewal speed.
- Deposits up 12.1%: CASA party still on at 50%+.
- Net Profit ₹1,633 Cr (+23% YoY): PSU bank or profit-making miracle?
- GNPA 1.72% | NNPA 0.18%: Clean sheet, cleaner conscience.
- NIM 3.85%: Sweet spot between PSU prudence and private aggression.
- ROA 1.82%, ROE 20%+: Bank of More-ashtra indeed.
- Capital Adequacy 18.13%: Tier-1 at nearly 15%, CFO’s blood pressure at 0%.
3. Management’s Key Commentary
MD Nidhu Saxena: “We’re consistently outperforming the industry.”
(Translation: PSU tag, private swagger 😎)
Saxena: “FII holding rose from 0.39% to 2.58%.”
(Translation: FIIs finally realized it’s not Maharashtra State Cooperative Bank.)
Saxena: “Project 321 — 321 branches in 18 months.”
(Translation: Expansion by multiplication — literally.)
Saxena: “GIFT City IBU clocked $100M in
